The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Looks like a retest of our all time low is on the cards.... What a joke of a share this has become!
Rumour has she could suck a golf ball through 10ft of hose pipe...so she may be our girl Frankel?
Up[ 30% with lots of buys landing....
Defo something leaking.....
Interesting wording in the RNS.... "we acknowledge the farm out of the Company's Barryroe asset has taken longer than originally envisaged,...." Taken (not taking)- as in done?????
RNS Yippee...! Loan agreed.
Two decent trades gone through.... One for 1.5m Above the bid so presume they are buys....
With CZA, it will always be News Tomorrow. As we have all found to our cost over the past few years..... tomorrow NEVER comes...
Now Jonathon... Although its Friday, When they say news Next Friday, don't take it literally as 'Next' Friday, they mean Next Friday, or even the Friday after... If we were anywhere near remotely releasing anything interesting.... the directors would be buying. And they never have - oh unless you count the buy just before the news re Makhado....
fmfm .... read this Good article on Proactive investors..... Lansdowne’s Barryroe stake worth much more than market value, broker says 12:32 11 Jul 2016 Arnstein gives some 10.3p per share for his net valuation Lansdowne’s stake in Barryroe, including 6p per share for an initial development which would target 70mln barrels of oil. Lansdowne Oil & Gas Plc’s (LON:LOGP) stake in the undeveloped Barryroe oil field, in Ireland’s Celtic Sea, is worth considerably more than the market value of the group’s AIM quoted shares, according to broker Brandon Hill Capital. The 20% stake in Barryroe is the company’s main asset. Analyst William Arnstein, in a note, acknowledged that whilst the absence of a farm-in partner for Barryroe may continue to weigh upon Lansdowne shares, the company is now better placed to either hold out for the ‘right’ deal or take proactive approach to add shareholder value. Arnstein’s assessment comes after Lansdowne raised £2.1mln of new capital in June, and as Barryroe operator Providence Resources PLC (LON:PVR) also strengthened its balance sheet with a US$76.6mln funding. Barryroe is estimated to host some 310mln barrels of oil and 169bn cubic feet of gas and, whilst testing of previous wells has shown the field’s economic potential, Arnstein says further r appraisal is considered necessary prior to development sanction. Significant exploration and appraisal upside has also been identified by Providence and Lansdowne, he added. Arnstein gives some 10.3p per share for his net valuation Lansdowne’s stake in Barryroe, including 6p per share for an initial development which would target 70mln barrels of the field’s contingent resources. He notes that the exploration and appraisal upside is excluded from his valuation. “When and on what terms a farm-out might be agreed remains the big unknown and the key value driver for the company,” the analyst said. “The recent US$68m capital raise by the operator, Providence Resources, did not include funding for an appraisal well at Barryroe and may indicate confidence that ongoing discussions with counterparties will result in a satisfactory outcome. “With Lansdowne trading at just 0.12x total NAV, it is clear that the market is taking a far more pessimistic view, providing a very significant upside potential if an agreement is reached.” Lansdowne shares currently change hands on AIM for around 1.12p each.
PVR on the move.... We seem stuck, yet 1% of the company bought today!
If it is barry....this is the place to be.
Lots of buying in PVR too.... Don't believe in coincidences....
WOW... One Million delayed trade just gone through.. That's commitment!
Hmmm some big buys for sure... Somebody know something? This is priced to fail. Any sniff of Barryroe and this will go ballistic!
Only just agreed sale -Until we have the money in the bank - Mooiplaats not a done deal. Another loan or share placement.... great! We to finalise regulatory approvals , we need to get our assets back into production, we need INCOME
Not on my screen.... still 3.00 - 3.49 as it has for god knows how long..... One trade - a sale of 1105 shares at 3.05 total value £33.67. Sums this crock up! How they have the audacity to release another RNS updating us yet aqain on achieving ABOLUTELY NOTHING in yet another quarter - with all imminent expectations now pushed back to the 2nd half of the year......WOW!
Can't blame you Didge. I too have reduced drastically - still have more shares than the CEO! Much better investments out there. Looking pretty dire now...!
The spread has been outrageous for months, if not years - rarely dipping below 15%. Today has been a strange old day - the bid has been fairly constant at .0315 but the ask has been up and down like a brides nightie. Still very little traded though....
that frustrations are boiling over here.... Empty promises on CGA Failure to reinstate mothballed assets Failure to secure relevant licences Diluted to oblivion - with more to come, no doubt..... What a complete mess!